Reported Earnings • May 29
Full year 2026 earnings released: EPS: S$0.012 (vs S$0.011 loss in FY 2025) Full year 2026 results: EPS: S$0.012 (up from S$0.011 loss in FY 2025). Revenue: S$158.5m (down 17% from FY 2025). Net income: S$6.83m (up S$12.8m from FY 2025). Profit margin: 4.3% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Announcement • May 04
KSH Holdings Limited to Report Fiscal Year 2026 Results on May 28, 2026 KSH Holdings Limited announced that they will report fiscal year 2026 results at 12:00 PM, Singapore Standard Time on May 28, 2026 Reported Earnings • Nov 19
First half 2026 earnings released: EPS: S$0.009 (vs S$0.012 loss in 1H 2025) First half 2026 results: EPS: S$0.009 (up from S$0.012 loss in 1H 2025). Revenue: S$67.6m (up 17% from 1H 2025). Net income: S$5.27m (up S$11.7m from 1H 2025). Profit margin: 7.8% (up from net loss in 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 19
First half dividend of S$0.005 announced Shareholders will receive a dividend of S$0.005. Ex-date: 1st December 2025 Payment date: 9th December 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio). However, it is well covered by cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is less than the 55% EPS growth achieved over the last 5 years. Announcement • Oct 28
KSH Holdings Limited to Report First Half, 2026 Results on Nov 13, 2025 KSH Holdings Limited announced that they will report first half, 2026 results on Nov 13, 2025 Announcement • Aug 29
KSH Holdings Limited Approves Final Tax Exempt (One-Tier) Cash Dividend for the Financial Year Ended 31 March 2025 KSH Holdings Limited at the the Annual General Meeting held on 31 July 2025 approved declaration of a final tax exempt (one-tier) cash dividend of 0.75 cent per share for the financial year ended 31 March 2025. Announcement • Aug 21
KSH Holdings Limited has filed a Follow-on Equity Offering in the amount of SGD 8.814622 million. KSH Holdings Limited has filed a Follow-on Equity Offering in the amount of SGD 8.814622 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,900,400
Price\Range: SGD 0.305
Transaction Features: Subsequent Direct Listing Declared Dividend • Aug 07
Final dividend increased to S$0.0075 Dividend of S$0.0075 is 50% higher than last year. Ex-date: 25th August 2025 Payment date: 2nd September 2025 Dividend yield will be 4.4%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (29% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Jul 17
Full year 2025 earnings released: S$0.011 loss per share (vs S$0.056 loss in FY 2024) Full year 2025 results: S$0.011 loss per share (improved from S$0.056 loss in FY 2024). Revenue: S$191.7m (down 15% from FY 2024). Net loss: S$5.93m (loss narrowed 81% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Jul 16
KSH Holdings Limited, Annual General Meeting, Jul 31, 2025 KSH Holdings Limited, Annual General Meeting, Jul 31, 2025, at 09:30 Singapore Standard Time. Location: furama city centre, 60 eu tong sen street, singapore 059804, ballroom i at level 5, Singapore Reported Earnings • May 30
Full year 2025 earnings released: S$0.011 loss per share (vs S$0.056 loss in FY 2024) Full year 2025 results: S$0.011 loss per share (improved from S$0.056 loss in FY 2024). Revenue: S$196.7m (down 13% from FY 2024). Net loss: S$5.94m (loss narrowed 81% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • May 15
Now 22% overvalued Over the last 90 days, the stock has fallen 6.4% to S$0.22. The fair value is estimated to be S$0.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 13
KSH Holdings Limited to Report Fiscal Year 2025 Results on May 29, 2025 KSH Holdings Limited announced that they will report fiscal year 2025 results After-Market on May 29, 2025 Buy Or Sell Opportunity • Jan 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to S$0.22. The fair value is estimated to be S$0.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Nov 18
First half dividend of S$0.005 announced Shareholders will receive a dividend of S$0.005. Ex-date: 29th November 2024 Payment date: 9th December 2024 Dividend yield will be 5.0%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Nov 08
KSH Holdings Limited to Report First Half, 2025 Results on Nov 14, 2024 KSH Holdings Limited announced that they will report first half, 2025 results on Nov 14, 2024 Announcement • Aug 30
KSH Holdings Limited Approves to Declare A Final Tax Exempt (One-Tier) Cash Dividend for the Financial Year Ended 31 March 2024 KSH Holdings Limited at its AGM held on 31 July 2024, approved to declare a final tax exempt (one-tier) cash dividend of 0.50 cent per share for the financial year ended 31 March 2024. Declared Dividend • Aug 04
Final dividend of S$0.005 announced Shareholders will receive a dividend of S$0.005. Ex-date: 23rd August 2024 Payment date: 2nd September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jul 16
KSH Holdings Limited, Annual General Meeting, Jul 31, 2024 KSH Holdings Limited, Annual General Meeting, Jul 31, 2024, at 09:30 Singapore Standard Time. Location: furama riverfront, 405 havelock road, singapore 169633, venus ballroom i (level 3), Singapore New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$128.3m market cap, or US$95.3m). Reported Earnings • Jun 05
Full year 2024 earnings released: S$0.056 loss per share (vs S$0.039 profit in FY 2023) Full year 2024 results: S$0.056 loss per share (down from S$0.039 profit in FY 2023). Revenue: S$226.9m (down 26% from FY 2023). Net loss: S$31.5m (down 242% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jun 02
KSH Holdings Limited Announces Retirement of Kwok Ngat Khow as Executive Director KSH Holdings Limited announced retirement of Mr. Kwok Ngat Khow as Executive Director of the company. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (S$133.9m market cap, or US$99.4m). New Risk • May 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$131.1m (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (S$131.1m market cap, or US$97.1m). Announcement • May 16
KSH Holdings Limited to Report Fiscal Year 2024 Results on May 30, 2024 KSH Holdings Limited announced that they will report fiscal year 2024 results After-Market on May 30, 2024 Announcement • Nov 17
KSH Holdings Limited Announces Interim Cash Dividend for the Financial Year Ending 31 March 2024, Payable on December 8, 2023 KSH Holdings Limited announced shareholders' entitlements to the interim cash dividend of 0.50 Singapore cent per ordinary share for the financial year ending 31 March 2024. The Interim Dividend is expected to be paid on or about 8 December 2023. Reported Earnings • Nov 16
First half 2024 earnings released: S$0.022 loss per share (vs S$0.018 profit in 1H 2023) First half 2024 results: S$0.022 loss per share (down from S$0.018 profit in 1H 2023). Revenue: S$153.4m (up 5.2% from 1H 2023). Net loss: S$12.6m (down 225% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 21
KSH Holdings Limited to Report First Half, 2024 Results on Nov 10, 2023 KSH Holdings Limited announced that they will report first half, 2024 results on Nov 10, 2023 Upcoming Dividend • Aug 10
Upcoming dividend of S$0.01 per share at 6.0% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (4.5%). Announcement • Jul 29
KSH Holdings Limited Approves Final Tax Exempt (One-Tier) Cash Dividend for the Financial Year Ended 31 March 2023 KSH Holdings Limited at its Annual General Meeting held on 28 July 2023, Declaration of a final tax exempt (one-tier) cash dividend of 1.00 cent per share for the financial year ended 31 March 2023. Reported Earnings • Jul 14
Full year 2023 earnings released: EPS: S$0.039 (vs S$0.043 in FY 2022) Full year 2023 results: EPS: S$0.039 (down from S$0.043 in FY 2022). Revenue: S$308.3m (up 24% from FY 2022). Net income: S$22.1m (down 8.5% from FY 2022). Profit margin: 7.2% (down from 9.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 13
KSH Holdings Limited, Annual General Meeting, Jul 28, 2023 KSH Holdings Limited, Annual General Meeting, Jul 28, 2023, at 09:30 Singapore Standard Time. Location: Furama City Centre Hotel, 60 Eu Tong Sen Street Ballroom 1, Level 5 Singapore Singapore Agenda: To receive the audited accounts for the financial year ended 31 March 2023 and the Statement of the directors of the Company and the Auditors' Report; to declare a final tax exempt (one-tier) cash dividend of 1.00 cent per share for the financial year ended 31 March 2023; to approve Directors' fees of SGD 155,000 to be paid quarterly in arrears for the financial year ending 31 March 2024 to the Independent Directors; to re-elect the Directors who retire in accordance with Article 89 of the Company's Constitution and who, being eligible, offer themselves for re-election; to re-appoint Messrs Ernst & Young LLP as Auditor and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • May 27
Full year 2023 earnings released: EPS: S$0.04 (vs S$0.043 in FY 2022) Full year 2023 results: EPS: S$0.04 (down from S$0.043 in FY 2022). Revenue: S$313.0m (up 26% from FY 2022). Net income: S$22.3m (down 7.6% from FY 2022). Profit margin: 7.1% (down from 9.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 13
KSH Holdings Limited to Report Fiscal Year 2023 Results on May 26, 2023 KSH Holdings Limited announced that they will report fiscal year 2023 results at 5:00 PM, Singapore Standard Time on May 26, 2023 Upcoming Dividend • Nov 23
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 5.6%. Lower than top quartile of Singaporean dividend payers (6.5%). Higher than average of industry peers (4.4%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chuan Aun Ko was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 09
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 24 August 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Singaporean dividend payers (5.9%). Higher than average of industry peers (3.5%). Reported Earnings • Jul 15
Full year 2022 earnings released: EPS: S$0.043 (vs S$0.007 loss in FY 2021) Full year 2022 results: EPS: S$0.043 (up from S$0.007 loss in FY 2021). Revenue: S$248.9m (up 52% from FY 2021). Net income: S$24.2m (up S$28.0m from FY 2021). Profit margin: 9.7% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 29
Full year 2022 earnings released: EPS: S$0.043 (vs S$0.007 loss in FY 2021) Full year 2022 results: EPS: S$0.043 (up from S$0.007 loss in FY 2021). Revenue: S$248.5m (up 52% from FY 2021). Net income: S$24.3m (up S$28.1m from FY 2021). Profit margin: 9.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chuan Aun Ko was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
First half 2022 earnings released: EPS S$0.017 (vs S$0.007 loss in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: S$117.6m (up 209% from 1H 2021). Net income: S$9.86m (up S$13.9m from 1H 2021). Profit margin: 8.4% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 10
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 25 August 2021. Trailing yield: 2.7%. Lower than top quartile of Singaporean dividend payers (5.1%). Higher than average of industry peers (2.3%). Reported Earnings • Jul 16
Full year 2021 earnings released: S$0.007 loss per share (vs S$0.028 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: S$163.8m (down 31% from FY 2020). Net loss: S$3.79m (down 124% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • May 30
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: S$169.9m (down 28% from FY 2020). Net loss: S$3.79m (down 124% from profit in FY 2020). Is New 90 Day High Low • Jan 08
New 90-day high: S$0.35 The company is up 3.0% from its price of S$0.34 on 09 October 2020. The Singaporean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period. Reported Earnings • Nov 17
First half 2021 earnings released: S$0.007 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: S$43.7m (down 67% from 1H 2020). Net loss: S$4.06m (down 137% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: S$0.32 The company is down 9.0% from its price of S$0.34 on 30 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 2.0% over the same period. Upcoming Dividend • Oct 08
Upcoming Dividend of S$0.012 Per Share Will be paid on the 27th of October to those who are registered shareholders by the 15th of October. The trailing yield of 6.5% is in the top quartile of Singaporean dividend payers (5.5%), and it is higher than industry peers (3.3%). 
